Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) CFO Sells $299,600.00 in Stock

Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) CFO Mark E. Patten sold 5,000 shares of Consolidated-Tomoka Land stock in a transaction on Monday, June 10th. The stock was sold at an average price of $59.92, for a total transaction of $299,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of NYSEAMERICAN:CTO traded down $0.03 on Wednesday, hitting $59.84. 959 shares of the company were exchanged, compared to its average volume of 20,788. Consolidated-Tomoka Land Co. has a 1-year low of $49.23 and a 1-year high of $67.01.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.01). The firm had revenue of $14.26 million for the quarter, compared to analyst estimates of $11.87 million.



The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Friday, May 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Consolidated-Tomoka Land by 29.7% during the third quarter. Vanguard Group Inc. now owns 298,290 shares of the financial services provider’s stock worth $18,577,000 after purchasing an additional 68,239 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Consolidated-Tomoka Land by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 294,258 shares of the financial services provider’s stock valued at $17,377,000 after purchasing an additional 14,574 shares during the last quarter. FMR LLC lifted its holdings in shares of Consolidated-Tomoka Land by 0.4% in the 4th quarter. FMR LLC now owns 110,539 shares of the financial services provider’s stock worth $5,803,000 after acquiring an additional 467 shares during the last quarter. Northern Trust Corp increased its stake in Consolidated-Tomoka Land by 0.4% during the 1st quarter. Northern Trust Corp now owns 66,571 shares of the financial services provider’s stock worth $3,931,000 after buying an additional 291 shares during the period. Finally, Argent Capital Management LLC increased its stake in Consolidated-Tomoka Land by 68.9% during the 1st quarter. Argent Capital Management LLC now owns 31,872 shares of the financial services provider’s stock worth $1,882,000 after buying an additional 13,007 shares during the period.

Separately, Zacks Investment Research upgraded shares of Consolidated-Tomoka Land from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a research note on Tuesday.

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Consolidated-Tomoka Land Company Profile

Consolidated-Tomoka Land Co, together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties.

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